Jim Rogers: The Euro Will Now Dissolve

“I was stunned,” Rogers, chairman of Rogers Holdings, said in a
Bloomberg Television interview in Singapore. “This means that
they’ve given up on the euro, they don’t particularly care if
they have a sound currency, you have all these countries spending
money they don’t have and it’s now going to continue.”

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All paper currencies are being “debased,” with the euro currency
union at risk of being “dissolved,” Rogers said, adding that he
continues to own the dollar, the Swiss franc, the Japanese yen
and the euro.

“It’s a political currency and nobody is minding the economics
behind the necessities to have a strong currency,” Rogers said.
“I’m afraid it’s going to dissolve. They’re throwing more money
at the problem and it’s going to make things worse down the
road.”